Situated in the south of the Alberta province, at the intersection of the Bow and Elbow Rivers, Calgary is the most populous city of the province with 1.2 million inhabitants. This cosmopolitan area is one of Canada's wealthiest cities and sits in a vast plain where the Rocky Mountains rise dramatically to the west. Calgary surprises by its beauty, its cool eateries, its countless festivals throughout the year and its dynamic nightlife. It became one of the major country music center in Canada and spreads an innovative spirit.This is an attractive business center and one of the world leaders in the energy area because its main industry is based on oil as the reserves in Alberta are estimated to be second only to Saudi Arabia's. Besides the city offers good conditions of employment and represents a welcoming place ton invest and do business. This is also a choice destination for ecotourism and winter sports as the city is close to many ski resorts. Regarding the environment, Calgary has been registered as one of the cleanest cities in the world and the livable conditions are remarkably high, in terms of stability, health care, education or even culture and environment.
Calgary is welcoming more and more foreign investors who are looking for luxury properties. The most sought-after ones are the houses of more than $1.5 million. This new attractiveness galvanizes the economy of the city and the luxury real estate market is rising, year after year. This phenomenon can be explained thanks to low mortgage rates and a high demand of wealthy foreign buyers who consider Canada as a secure and stable country to invest in.
